I see that many people use nominee directors when they decide for offshore company formation. I want to know why do they use nominee directors and what are the benefits of having a nominee director.
The benefits of nominee director
- Thread starter AndrewT
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This is one straight explanation. As much as possible, you want to keep the anonymity of your company if you are trying to go offshore. This keeps it away from all the political issues. Also, it is safer to deal this way. You will be always the target of the tax bureaus of the countries you are into.
A nominee director is a legal entity acting as a director of the company to protect the identity of the real director. During Singapore company incorporation, it is mandatory to provide name, address, nationality and occupation of the person intended to act as a director of the company. When companies or directors prefer anonymity they use nominee directors. Appointing a nominee director is beneficial for processing Singapore company registration process as of bank account opening, etc., on the behalf of the actual owner. Additionally, a nominee director plays an important role in the facilitating the clearance and settlement of publicly traded shares. According to the︀ Singaporean tax regime, a company or a business is liable to claim numerous Singaporean tax︁ advantages only if it is based in Singapore. Therefore, many international clients and multinational companies︂ willing to invade the Singapore market prefer to appoint a Singapore resident nominee director. Having︃ managed and controlled in Singapore, a Singapore incorporated company will receive all the tax benefits︄ a normal Singaporean company is getting. The important thing to note is after Singapore company︅ registration a nominee director has limited powers. Nominee director is a service often used for︆ completing company incorporation process, whereas the real owner of the company has all the rights︇ to company bank accounts and shares. In certain circumstances the shareholder maintains the authority of︈ making managerial decisions.
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taxraider
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You can find much information here about nominees if you do a simple search /forum/articles/59543-nominee-director-and-shareholder
Last edited by a moderator: May 29, 2016
Last edited by a moderator: May 29, 2016
You will need to follow the link already given in one of the above posts, it explains pretty clear what a nominee director or shareholder is and how you may use them for your purpose or clear the question if you need one at all.
More information can be found on Google. You just have to type the right keyword for it and a lot of articles can be found.
Here I found something for you. What is nominee director? definition and meaning
Here I found something for you. What is nominee director? definition and meaning
Thank you for sharing this information bro.︉ I also a lot confused before about Nominee director benefits.
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